IC Potash Corp. (TSX:
ICP; OTCQX: ICPTF) (“ICP” or the “Company”) is pleased to announce that
it has appointed Mehdi Azodi Interim Chief Executive Officer. Mr. Azodi
has served as the Company’s Director of Investor Relations since 2013
and has over 15 years of experience in capital markets, acting as a
consultant to a number of private and TSX/NYSE-listed companies to
provide business consulting and capital markets strategy. He replaces
Randy Foote, who is retiring. Mr. Foote will continue to share his
operations expertise on a consulting basis.
George Poling, Chairman of the Board of Directors of ICP, stated, “We
are delighted to have Mr. Azodi head the ICP team. We believe his
leadership and commitment to financing the Company will help it to
position it for the next phase of its operations.”
About IC Potash Corp.
ICP has demonstrated a low-cost method to produce sulfate of potash
(“SOP”) from its Ochoa polyhalite deposit in southeast New Mexico and
seeks to become a primary, long-term producer of SOP. SOP is a
non-chloride potash fertilizer widely used in the horticultural industry
and for high value crops, such as fruits, vegetables, tobacco and
potatoes. It is applicable for soils where there is substantial
agricultural activity, high soil salinity, and in arid regions. The
Ochoa Project has access to excellent local labor resources, low-cost
electricity and natural gas, an approved non-potable water source, rail
lines, and the Port of Galveston, Texas. ICP’s land holdings consist of
approximately 98,500 acres of federal preference right potassium leases,
federal subsurface potassium prospecting permits and State of New Mexico
potassium mining leases. For more information, please visit www.icpotash.com.
Forward-Looking Statements
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties and other factors which may cause the actual
results, performance or achievements of ICP to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Forward-looking statements
include statements that use forward-looking terminology such as “may”,
“will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or
the negative thereof or other variations thereof or comparable
terminology. Such forward-looking statements include, without
limitation, the receipt of exchange approval and other statements that
are not historical facts. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the
control of ICP, including, but not limited to, risks associated with
mineral exploration and mining activities, the impact of general
economic conditions, industry conditions, dependence upon regulatory
approvals, the uncertainty of obtaining additional financing, and risks
associated with turning reserves into product. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to
be imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160519006783/en/
Copyright Business Wire 2016
Source: Business Wire
(May 19, 2016 - 7:47 PM EDT)
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